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GM wrote:The main problem with bitcoin is that it doesn't make any strawberry floating sense. It's a bunch of things all at once and it's gooseberry fool at being all of them.

It's a payment method - that takes 10 minutes+ to confirm a transaction. It's a stock - that has crashed at least 3 times, losing 50%+ of its value each time. It's a currency - backed by nothing and no one.

These libertarian types support it for the anonymity, low transaction fees, and 'be your own bank' crap, but those benefits disappear the minute you start addressing the problems.

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Its decentralized, very low transaction fee and peer-to-peer features are actually the reason why people adopt bitcoin. We should consider these features as good things because the freedom of using this cryptocurrency depends on us, but of course, we must use it responsibly. For instance, while using it for online gambling, we must not wager more than we can afford to lose.

seanwilliam1988 » Mon Apr 14, 2014 10:42 am wrote:Its decentralized, very low transaction fee and peer-to-peer features are actually the reason why people adopt bitcoin. We should consider these features as good things because the freedom of using this cryptocurrency depends on us, but of course, we must use it responsibly. For instance, while using it for online gambling, we must not wager more than we can afford to lose.